IS THE HOUSING CRISIS REALLY A "CRISIS"?

America has 120 million homes, of these homes one third are free and clear, meaning they have no mortgage debt what so ever. Of the 80 million homes remaining, one half of these were purchased prior to 2000. These homes are still riding the boost of 53% appreciation in the last eight years. Even with the slide back in values, these homes are still in the comfort zone for value.